USA: BorgWarner confirms 2005 earnings guidance

By just-auto.com editorial team | 8 March 2005

BorgWarner on Tuesday reiterated its guidance for 2005 and expects earnings per share in a range of $US4.30 to $4.55, which includes assumptions about the company's Beru acquisition in a range of $0.15 to $0.30 per share, and expectations of $4.15 to $4.25 per share.

The company expects sales growth in the 8% to 10% range on its base business, with Beru growth additional. Global demand for the company's engine and drivetrain products is expected to drive this above industry-average growth.

BorgWarner owns 69% of Beru AG and its results will be consolidated within the BorgWarner engine group beginning in the first quarter of 2005.